Why is Quantum Computing Gaining Popularity?
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Why is Quantum Computing Gaining Popularity?

By CIOReview | Monday, July 6, 2020

Businesses are seeing an increase in the competition for building a commercial quantum computer. Below given are a few of many trends to watch out in this decade.

FREMONT, CA: Recently, Google announced that achieving quantum supremacy will undoubtedly grab a lot of attention. Although there are a lot of questions about what the achievement means, businesses and academia will continue to make strides towards manufacturing a commercial quantum computer and refining quantum security techniques. The last decade was filled with significant trends, all of which will continue to play even now. In this decade, a new beginning, let's read what might hold for quantum computing and its ecosystem of supporting technologies.

Firstly, the most discussed part is consolidation in quantum computing space. Quantum computing is an expensive proposition that the larger ones will likely acquire some of the smaller companies (like IonQ and Rigetti). Like the natural selection process, the most compelling movement will be swept up by the major operators in the field, like IBM, Google, and Microsoft. 

Secondly, QKD encryption plays a potential role in 5G. While 5G networks come online, the amount of personal information moving around will enhance, notably since the use of those 5G networks will significantly improve the number of connected devices and smart sensors. It will be even more essential to find a way to keep the data safe against theft and breaches. Quantum-safe solutions will play a major role in offering protection.  

Lastly, investing in talent in academia will continue to increase. Progress made in quantum computing demands depended on the cultivating quantum expertise across the board. As a part of the Quantum Initiative Act, $1.2B earmarked for the effort given to institutions like the University of Chicago and MIT, as well as Cambridge and Quantum Daily in Canada. The research done in these universities is critical.

The primary element will be transitioning into a commercial enterprise that can improve the technology and bring it to the market. Organizations like Quantum Xchange and IonQ from the University of Maryland, serve as a great model of how the talent and work are done in academia and research institutions can translate into progress for the technology.